Founders Financial Securities LLC Grows Position in Mastercard Incorporated (NYSE:MA)

Founders Financial Securities LLC increased its holdings in Mastercard Incorporated (NYSE:MA) by 7.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 617 shares of the credit services provider’s stock after acquiring an additional 44 shares during the quarter. Founders Financial Securities LLC’s holdings in Mastercard were worth $272,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. VitalStone Financial LLC lifted its stake in Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 45 shares during the period. Westend Capital Management LLC purchased a new stake in Mastercard in the first quarter worth about $27,000. Palisade Asset Management LLC purchased a new stake in Mastercard in the first quarter worth about $27,000. Scarborough Advisors LLC purchased a new stake in Mastercard in the fourth quarter worth about $28,000. Finally, Beaird Harris Wealth Management LLC bought a new position in Mastercard in the fourth quarter worth about $30,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 138,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the sale, the insider now owns 92,152,308 shares in the company, valued at approximately $41,762,504,462.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, major shareholder Foundation Mastercard sold 138,000 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the transaction, the insider now owns 92,152,308 shares in the company, valued at approximately $41,762,504,462.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Raj Seshadri sold 3,464 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $447.84, for a total value of $1,551,317.76. Following the transaction, the insider now owns 13,736 shares in the company, valued at approximately $6,151,530.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,167,931 shares of company stock worth $531,284,982. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MA shares. JPMorgan Chase & Co. boosted their target price on shares of Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Royal Bank of Canada boosted their target price on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Piper Sandler boosted their target price on shares of Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Argus upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Finally, KeyCorp boosted their target price on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Five analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $510.88.

Mastercard Trading Down 1.2 %

Mastercard stock opened at $477.36 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00. The stock’s 50 day simple moving average is $455.56 and its two-hundred day simple moving average is $459.53. The firm has a market cap of $443.76 billion, a PE ratio of 37.95, a P/E/G ratio of 1.90 and a beta of 1.10.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were given a $0.66 dividend. The ex-dividend date was Tuesday, July 9th. This represents a $2.64 annualized dividend and a yield of 0.55%. Mastercard’s dividend payout ratio is presently 20.99%.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.